FTX
Meanwhile, stocks rally after Jerome Powell finishes his Capitol Hill tour
Nishad Singh and Gary Wang will be sentenced almost a year after Bankman-Fried’s criminal trial
Plus, FTX creditors can soon vote on the distribution plan proposed by debtors, and it isn’t a fan favorite
Proof-of-reserves could have potentially prevented such catastrophic failures like the 2022 crypto market collapse
Plus, May’s jobs report from the Bureau of Labor Statistics is going to be a big one
FTX debtors will pay the IRS $200M, with an outstanding lower priority claim of $685M
Let’s not make “tweeting the most explosive thing you can think of” the stereotype of the crypto space anymore
Ryan Salame is set to serve seven and a half years in prison starting in August, but it looks like he’s itching to get his story out
Plus, Ryan Salame’s got a classic case of the Twitter fingers and has been quite active on social media
The sentencing of former FTX exec Ryan Salame is the first among those who pleaded guilty to crimes related to the exchange’s collapse
Would you rather have $88,000 or $17,400?
Prosecutors said Ryan Salame’s “serious crimes” and “minor” cooperation mean a serious sentence is in order
Yesterday saw Congress’ upper chamber side with the House on a measure aimed at overturning SAB 121
The US government is looking to seriously inhibit people from using and accessing crypto mixing services
FTX seems to be nearing the finish line almost two years after initiating the bankruptcy process
While the current plan reflects progress, it represents a draft with “many blanks,” lawyer says
Some creditors could see up to 142% of their claims paid back
In this edition: Analyzing the SEC’s market impact, the 13F ETF tell-all and FTX generating bipartisan unity in Congress
Sentence proves there is “no substitute” for acknowledging guilt and showing remorse, one defense lawyer says
Judge Kaplan said that Bankman-Fried, although “exceptionally ambitious,” was ultimately a reckless gambler
The former FTX CEO was sentenced to 25 years in jail today — and his last words before the court probably did nothing to reduce his jail time
Guardian Council participants include the Solana Foundation, Everstake, Triton One, Juicy Stake and Kiln
Get the daily newsletter that helps thousands of investors understand the markets.